How many Floors To Go outlets were reacquired by the franchisor in 2023?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
2024 | 0 | | Totals | 2022 | 1 | | | 2023 | 2 | | | 2024 | 5 | TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024*
| State | Year | Outlets at Start of Year | Outlets Opened | Termin -ations | Non- Renew- als | Re- acquired by Fran- chisor | Ceased Opera- tions Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2022 | 4 | 0 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND MEMBER INFORMATION (FDD pages 37–47)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, there were no reacquired franchises in 2023. The provided table in Item 20 details the status of franchised outlets from 2022 to 2024, showing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, re-acquisitions by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
Specifically, the 'Re-acquired by Franchisor' column indicates how many Floors To Go locations were bought back by the company during each year. For 2023, the total number of reacquired franchises across all states is zero. This means that Floors To Go did not repurchase any franchised locations during that year.
This information is crucial for potential franchisees as it provides insight into the stability of the franchise system. A high number of reacquired franchises could indicate potential issues with franchisee success or support. In this case, the absence of reacquired franchises in 2023 could be seen as a positive sign, suggesting a stable relationship between Floors To Go and its franchisees.